Active Insulation Market Analysis Report By Product, By Application, By Region And Segment Forecasts From 2020 To 2027

Industry Insights

The global active insulation market size was accounted for USD 254.5 million in 2019 and projected to grow at 5.9% CAGR over the forecast period, from 2020 to 2027. Increasing demand for effective insulation to maintain an internal temperature in buildings is a major factor driving the market growth during the forecast period.

Factors like enhanced insulation and easy installation are projected to drive market growth in the next few years. In addition, increasing consumer spending on sportswear and activewear is expected to positively influence the product demand for textile applications. Growing health awareness by outdoor activities is expected to further boost the demand for sportswear and activewear.

The U.S. active insulation is projected to witness significant growth due to the several applications of insulating materials in the textile industry. Leading textile manufacturers operating in the nation are focusing on R&D activities to introduce thermal management along with enhancing breathability in sportswear and activewear.

Growing insulation demand in the commercial and residential sectors due to the increasing energy cost and rising awareness regarding energy conservation is expected to surge the thermal insulation material demand. Development in textile & construction materials and government initiatives for increasing energy efficiency is projected to drive the market in the near future.

Industry players are adopting sustainable strategies by keeping long-term benefits in mind and procurement of high-quality raw materials. Additionally, they are focusing on converting materials into active insulating solutions with the help of advanced technologies such as fiber knitting.

Product Insights

In the active insulation market, the product segment is fragmented into textile insulation products and building & construction insulation products. The textile insulation product segment is sub-segmented into polyester, cotton, wool, and nylon. In the textile application, the polyester segment led the market and held more than 41% revenue market share in 2019. Properties like resistance against shrinking & stretching along with quick-drying are expected to drive the demand for this material in the textile application. In addition, optimal skin compatibility, low prices, and high-performance attributes are projected to augment the product demand during the forecast period.

The building and consultation segment is further bifurcated into glass wool, mineral wool, expanded polystyrene (EPS), and others. In this application, the EPS sub-segment is projected to grow with the highest CAGR during the forecast period. EPS is majorly gaining traction for construction activities in Central & South America, North America, and Europe owing to their lightweight, high thermal insulation and easy installation properties.

In 2019, the glass wool segment held over 31% volume market share in building & constriction applications. This is due to its ability to reduce energy consumption and to control temperature variation is expected to drive the product demand in construction applications, especially in Germany, China, and India.

In textile application, wool, the insulation material, is expected to grow at a significant rate due to its various application in apparel manufacturing. Superior thermal insulation and lightweight offered by wool insulation material are expected to propel the market growth in textile manufacturing applications.

Application Insights

Based on application, the market is segmented into building & construction, and textile. In 2019, the building and construction application segment held the largest market share of over 79% in terms of volume. Technologically advanced knitting methods to convert normal material & fibers into insulation fibers & construction boards are expected to drive the segment growth. Insulation manufacturers are investing in research and development activities to develop a suitable material for building insulation.

Building and construction segment is further segmented into residential and commercial. In 2019, the commercial sub-segment held the largest market revenue share of more than 53% of the total building construction segment. This high revenue market share is attributed to the growing demand for energy-efficient public and commercial buildings along with increasing concern about high electricity costs.

The textile application is expected to grow with a significant growth rate over the forecast period due to increasing demand for sportswear and activewear. Growing participation in outdoor and sports activities across several economies has driven the demand for active clothing which is expected to positively impact segment growth. Moreover, increasing usage of sports and active clothing has encouraged the textile industry. In addition, growing people's interest in gym and fitness activities is expected to drive the textile industry growth in the near future globally. Sports clothing manufacturers are concentrating on producing moisture-absorbing and lightweight materials for outdoor activities.

Regional Insights

In 2019, Europe led the global market in terms of volume due to stringent regulations mandating the usage of insulation material. Europe is expected to exhibit with CAGR of 3.6% in terms of volume during the forecast period. Technological development in active thermal management products used for energy transfer and moisture diffusion through high-performance material is driving the regional market growth.

The Asia Pacific is projected to emerge as the fastest-growing region due to the growth of the textile industry in countries such as Malaysia, India, China, and Japan. Growing industrial output, favorable policies to reduce gas emission and rapid urbanization in this region are factors expected to drive the market growth.

In 2019, North America held the largest market share of more than 31.0% in terms of revenue and is expected to reach around USD 123.4 million in 2027. Constant development in the construction and textile industry coupled with the presence of a large number of market players are expected to drive market growth in this region.

Impact of COVID-19

Major suppliers such as Germany, China, the U.S., and others of active insulation material have been hit severely due to COVID-19. Some factories from China and other countries have resumed their operations due to nationwide lockdown. The major impact on the construction industry is facing difficulty in procuring raw materials and supply chain disruption. To overcome this unprecedented pandemic, market players in this industry and contractors should work together to reduce the potential impact on projects. In addition, market players are focusing on mergers, acquisitions, and collaborations to develop technologically advanced alternative materials. These initiatives are expected to help industry players to strengthen their position during the pandemic period.

Active Insulation Market Share Insights

The major vendors include in this market are W.L. Gore and Associates, Inc.; Remmers Limited; Unger Diffutherm GmbH, and Polartec; PrimaLoft, Inc. These industry players are concentrating on expansion through joint ventures and acquisition, as the market is less competitive in nature.

The market is majorly dominated by Europe and North America and they are striving to come up with technologically advanced products for textile and building applications. Attaining fine quality materials is the major challenge faced by market players to maintain competitiveness in the market.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Million Insights has segmented the global active insulation market report based on product, application, and region:

• Product Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)
    • Textile Insulation Products
        • Polyester
        • Cotton
        • Wool
        • Nylon
    • Building & Construction Insulation Products
       • Glass wool
       • Mineral wool
       • EPS
       • Others

• Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)
    • Textile 
       • activewear
       • Sportswear
       • Others
    • Building & Construction
       • Residential
       • Commercial

• Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)
    • North America
       • The U.S.
    • Europe
       • The U.K.
       • Germany
       • France
    • the Asia Pacific
       • China
       • India
       • Japan
    • Central & South America
    • Middle East & Africa